Vladimir RibakovOwner, Chief Trader at Home Trader Club (Former Traders Academy Club), Owner, Chief Trader at Home Trader Club (Former Traders Academy Club) · Owner, Chief Trader at Home Trader Club (Former Traders Academy Club)

XRPUSD (Ripple) Analysis & Trading Plan - 17 July 2024 #forex #trading #forexsignals #fyp #shorts

17 Jul 2024 · 1 min

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In this short video, Vladimir Ribakov evaluates Ripple (XRP) using technical analysis to decide whether the asset is a buy, sell, or both. He notes a bullish divergence on the daily chart, where price makes lower lows while the MACD forms higher lows and its histogram flips from negative to positive. He highlights a recent upward breakout of a trend line, describing it as classic bullish price action, and points out three consecutive higher highs and higher lows on the 4‑hour chart. Ribakov anticipates a short‑term pullback toward key Fibonacci retracement levels; once those levels hold, he expects the price to resume its rally and recommends buying at that point. He ends by inviting viewers to share their thoughts in the comments.

Chapters

Is Ripple a buy, sell, maybe both? Let's take a look on the chart. On daily chart, Ripple completed a beautiful bullish divergence. Lower lows on the chart, higher lows on the MACD moving averages, and the histogram flipping from negative to positive to higher negative. The most recent trend line was broken to the upside, and it was not just a breakout, it was a classical bullish price action. 3 higher highs, higher lows. on the 4-hour chart. I do expect on the short term to see some pullbacks to the downside towards the Fibonacci levels, but as soon as the Fibonacci levels are reached, respected, and holding, I would be after buys expecting further rally. What do you think about Ripple? Let me know in the comments.